The purposes of the study were to develop a measure of overconfidence on probabilistic tests, to assess the measurement characteristics of such a measure, and to investigate the relationship of overconfidence on tests to knowledge and to risk-taking propensity. (Author/BB)

Investigated were the effects of two levels of penalty for incorrect responses on two dependent variables (a measure of risk-taking or confidence, based on nonsense items, and the number of response-attempts to legitimate items) for three treatment groups in a 2x3, multi-response repeated measures, multivariate ANOVA (Analysis of Variance) design.…

A potentially valuable measure of overconfidence on probabilistic multiple-choice tests was evaluated. The measure of overconfidence was based on probabilistic responses to nonsense items embedded in a vocabulary test. The test was administered under both confidence response and conventional choice response directions to 208 undergraduate…